Nibe Ordnance and Maritime Ltd — Updates, 11-08-2025: Company Update

Nibe Ordnance and Maritime has announced its financial results for the quarter ended June 30, 2025. Consolidated total income stood at ₹1.41 Cr, resulting in a net loss of ₹0.08 Cr. Standalone total income was ₹0.11 Cr, with a net profit of ₹0.08 Cr. The company confirmed no deviation in the utilization of ₹1.16 Cr raised from its February 2025 Rights Issue. Approximately ₹0.92 Cr has been deployed for operations expansion and issue expenses, with ₹0.25 Cr remaining. A new subsidiary, Global Explosives Limited, was incorporated this quarter, and project expenses were capitalized, supporting future growth initiatives.